Bitcoin
$47,134.29-1.19%
Ethereum
$3,388.45-5.38%
XRP
$1.07-2.47%
Cardano
$2.35-3.25%
Polkadot
$33.57-3.31%
Stellar
$0.318937-3.28%
Dogecoin
$0.241044+0.49%
Chainlink
$28.12-6.27%
Uniswap
$24.39-7.31%
Polygon
$1.34-3.62%
Litecoin
$180.68-3.43%
Bitcoin Cash
$623.82-2.21%
Algorand
$1.95-6.50%
Wrapped Bitcoin
$47,142.69-1.12%
Filecoin
$84.60+0.90%
Cosmos
$33.83-5.42%
The Graph
$0.820315-5.23%
Tron
$0.104798-9.27%
Ethereum Classic
$56.68-2.07%
Aave
$361.86-5.56%
Tezos
$6.17-7.60%
EOS
$5.32+5.92%
NEO
$48.68-4.11%
Monero
$260.19-1.72%
IOTA
$1.64+7.78%
BitTorrent
$0.003901-3.12%
Bitcoin SV
$157.20-0.20%
Waves
$28.92-5.99%
Maker
$2,809.23-6.84%
Dash
$198.13-5.34%
Decred
$145.44+3.21%
Decentraland
$0.812784-4.19%
ICON
$1.90-7.07%
NEM
$0.182424-3.76%
Zcash
$134.39-2.66%
Qtum
$12.49-2.09%
NuCypher
$0.329211-0.43%
Bitcoin Gold
$65.74-3.70%
Yearn Finance
$33,229.60-5.61%
OmiseGO
$8.35-3.56%
Basic Attention Token
$0.746760-3.78%
0x
$1.07-7.02%
Paxos Standard
$1.00+1.01%
Fetch.ai
$0.847389-6.79%
Bancor
$4.03-4.43%
Ren
$0.937918-6.40%
Band Protocol
$9.10-8.56%
Siacoin
$0.018240-3.31%
Kava.io
$6.14-3.71%
Nano
$5.34-6.00%
Loopring
$0.454106-3.67%
Storj
$1.38-3.01%
Civic
$0.538940-0.18%
Lisk
$3.56-1.94%
Numeraire
$43.40-3.03%
Orchid
$0.359274-5.30%
PAX Gold
$1,763.80-0.13%
Augur
$25.89-1.71%
Aragon
$5.80-3.74%
Enzyme
$113.06-6.16%
district0x
$0.172125-3.59%
Kyber Network
$1.83-3.09%
SingularDTV
$0.001628+35.97%
Tether
$1.00-0.02%
USD Coin
$0.999963+0.02%
Dai
$1.00+0.00%

Scottish MP Urges Party to Consider Digital Currency

Oct 16, 2015 at 10:12 a.m. UTC
Updated Sep 11, 2021 at 11:57 a.m. UTC

A member of parliament for the Scottish National Party (SNP) has urged his party to consider experimenting with a national digital currency.

Speaking at the SNP conference held in Aberdeen – in northeastern Scotland – George Kerevan said he wanted the country to trial the ScotPound, a native digital currency that would co-exist alongside the pound sterling.

The digital currency, Kerevan told BuzzFeed Newswould be an important ready-made alternative to the pound when the next independence debate surfaced, and one that could "bubble up" through the party.

Kerevan's comments follow the publication of a report  last month by The New Economics Foundation which first suggested the 'ScotPound'.

by CoinDesk, the report proposed that each Scottish citizen should be given a 250 ScotPound dividend and that payments should be made via text message or a mobile app.

Scotland's fight for independence, primarily led by the SNP, resulted in a national referendum in September last year, which saw the majority of participants (55.3%) vote against independence.

The SNP recorded a historic landslide in the Scottish general election held earlier this year, gaining 56 out of 59 seats.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...